Import Substitution

nepalburkina
America’s large size and population explains why it could afford its extreme manufacturing protectionism during the 19th and early 20th centuries.
Mexico ceased import substitution with the passage of NAFTA. For various reasons, economy-wide labor productivity continued to stagnate.
Also, while Turkey was never a basket case, it was was never a tiger economy, either. It remains the only example of a country to successfully transition from successful import substitution to successful free-ish trade.

Author: pithom

An atheist with an interest in the history of the ancient Near East. Author of the Against Jebel al-Lawz Wordpress blog.

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